1 Describe the relationship between annual objectives and policies.2 Strategy formulation focuses on

1 Describe the relationship between annual objectives and policies.2 Strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important—effectiveness or efficiency? Give an example of each concept, and explain your answer.3 Describe a conflict situation that requires you to use 1) avoidance, 2) defusion, and 3) confrontation in order to solve the problem 4 Define and give an example of business analytics. Why is this technique becoming so widely used in organizations today?Each question should be at least 200 words in length. Answer to each question must be orginal answer it will be greatly apperciated.David, F. R., & David, F. R. (2015). Strategic management: A competitive advantage approach, concepts and cases [VitalSource Bookshelf version] (15th ed.). Retrieved from https://www.vitalsource.com/textbooks?term=9780133740356